IIA
The decrease of oil price in the international market has caused polemics and debates all over the world among experts, politicians and analysts. But this phenomenon seems that hasn’t affected the …
Continue Reading about Erjon Brace speaks on why the oil price in Albania is not decreasing →
Bankers Petroleum Company has deterred the amount of petroleum produced by the company due to the low record prices of oil in the international market. Official sources from the company say that …
Continue Reading about Bankers Petroleum deterrs production due to record price decline →
Institute of Statistics has published a report on the domestic demand performance during the third quarter of 2014, which shows that domestic demand for hydrocarbons decreased. Import amounts of …
Continue Reading about INSTAT: Import of diesel and petrol decreased at the end of 2014 →
Ministry of Energy and Industry has announced the latest initiatives in the mining sector in Albania, an upcoming collaboration of the Albanian government with a private investment company. The …
During the presentation of a 9 months report (January-September), Albpetrol announced that revenues from sales reached more than 90 billion ALL, a considerable increase of revenues compared to the …
Chairman of the Albanian Parliament Ilir Meta visited Azerbaijan in an official visit on October 19. At the Heydar Aliyev International Airport, he was welcomed by a delegation of Azerbaijani …
Tirana’s Court decided to freeze ARMO’s bank accounts in all private banks in country, a total amount of 24.5 ml EUR. This is equal at the dept ARMO company has not paid yet to Albpetrol state owned …
Continue Reading about Tirana’s Court rules the seizure of A.R.M.O bank accounts →
In the framework of the measures taken lately for the monitoring of the quality standarts and the trade of oil gas and their by-products, Ministry of Energy and Industry announced the cancelling of …
Oil production in Albania began in 1928 and has continuously increased in the years following. The country is endowed with one of the largest onshore oil fields in Europe, Patos-Marinza. Albania …
